The NASFAA conference in Anaheim highlights deep concerns over federal funding cuts affecting student aid. Proposed cuts include significant reductions to Pell Grants and federal loans, which may force colleges to find their own solutions for affordability. NASFAA president Melanie Storey emphasized the unpredictability students and financial professionals are facing in their budgets. Many financial aid officials expressed worries but acknowledged the importance of preserving need-based aid in future budget cuts as they strive to understand the full impact of these policy changes.
"Financial aid budgets thrive on predictability," she said. "Right now, that's in short supply."
Because of federal cuts, students "will be expected to pay more for college."
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